AfDB to Lend Nigeria $500m in Fresh Budget Support

Nigeriacommunicationsweek | 07-10-2025 12:05pm |

African Development Bank (AfDB) has announced plans to extend a $500m loan to Nigeria this year as part of a $1bn budget support programme, citing the country’s ongoing economic reforms under President Bola Tinubu as a major factor driving its decision. Bode Oyetunde, executive director representing Nigeria and São Tomé and Príncipe on the AfDB

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